Business Trends to Pay Attention to in 2017!

According to Forbes, SMEs are going to be working more with sales teams to help bolster sales.

#2 Retiring baby boomers result in more businesses for sale!

As more and more baby boomers retire, they’ll be putting their businesses up for sale and you’ll notice more millennials buying and updating them.

#3 Internal chat channels are phasing out email communication

Forbes is indicating that since businesses are phasing out emails and switching to internal chat communication platforms, such as Slack, you’ll start seeing companies craft messages to their audience via social media instead of email.

#4 Business coaches are becoming as standard as receptionists

With lots of changes happening in businesses and regulations, having a business coach is becoming a standard to help quickly work through any challenges that arise.

#5 The new standard: recurring revenue models

Similar to tech companies, organizations are shifting from single or up-front payments to monthly recurring revenue models.

Interesting Business Statistics

Check out these seven statistics about what is happening and trending in business:

"Crowdfunding is being used to validate products before making large investments in product development and the World bank estimates that crowdfunding would reach $90 billion by 2020.” - Forbes

"About 85% of SMB organizations will use leasing as a means to pay for equipment acquisitions."

“Virtually all 18-34 year-old Millennials (97%) are mobile users, while 20% don’t use a desktop at all.” - Smartinsights

“Video is where a large amount of execs are getting their resources and information from with 65% of executives say that they visit a vendor’s website after watching a video.” - Forbes

“Remote workers means less overhead cost for businesses-plus 53% of employees would take a paycut if they could work from home.” - V3B

“3.6 million+ company chiefs are set to retire as younger professionals ascend to managerial slots. Companies are busy planning this transition in order to cope with the massive loss of boomers.” - Modern Workforce

Staying Ahead of the Curve

We have taken a look at some key Technology and Business trends, but there are still more you will need to be aware of as you strive to be an exceptional technology sales professional.